Marine Farms

Contact information

Marine Farms ASA
Postboks 2032, Nordnes
5817 Bergen
Norway

Phone: +47 55 90 44 70
Fax: +47 55 23 46 45

NO 930 501 778 MVA  

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Marine Farms ASA – 2nd Quarter 2006
Wednesday, 30 August 2006
In the 1st half of 2006 Marine Farms achieved total sales in the amount of NOK 287.2 mill, a 46% increase compared to the same period last year. EBIT ended at NOK 54.7 mill, compared to NOK 29.5 mill last year. This is the best result ever for the group. The strong result is mainly due to continued high salmon prices, good seabass/seabream prices together with more efficient production in both sectors. Marine Farms will apply for listing on the Oslo Stock Exchange in the autumn of 2006.
 
Marine Farms ASA - Annual Report 2005 IFRS
Tuesday, 29 August 2006
Annual Report 2005 IFRS is now available (see attachment).
 
Marine Farms ASA – private placement successfully completed
Wednesday, 05 July 2006
Reference is made to Marine Farms ASA’s (“MAFA”) announcement regarding a planned private placement on the 3rd of July 2006. The private placement is now completed, and the Board of Marine Farms has allocated a total of 12.7 million new shares, at a subscription price of NOK 7.0 per share, corresponding to total gross private placement proceeds of MNOK 88.9.

 
Marine Farms ASA – Private Placement
Monday, 03 July 2006
The Board of Marine Farms intends to complete a private placement of up to 12.7 million new shares (approximately 25% of share capital before the private placement), at a subscription price of NOK 7.00 per share. The private placement shall finance acquisitions of Spanish seabass/seabream producers, hereunder the acquisition of PIAGUA.

 
Marine Farms ASA – Acquires 100% of PIAGUA
Monday, 03 July 2006
Marine Farms has entered into an agreement to acquire the remaining 80% of the shares in PIAGUA (Spain) for a consideration of MEUR 5.75-6.00 (on a 100% equity basis), equivalent to an Enterprise Value (EV) of approximately EUR 9.25-9.50 mill. The acquiring entity will be Culmarex S.A.

 
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